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Greek economy to contract 11% percent in 2020-CenBank

Published 12/14/2020, 06:17 AM
Updated 12/14/2020, 06:20 AM
© Reuters. People make their way outside the headquarters of Bank of Greece in Athens

ATHENS (Reuters) - Greece's economy will contract by 11 % in the worse case scenario in 2020, the country's Central Bank said on Monday, revising upwards the impact of the coronavirus pandemic on the country.

© Reuters. People make their way outside the headquarters of Bank of Greece in Athens

In a bi-annual report, it said it expected the economy to recover with growth of 3.2 % in 2021.

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